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Alternative Minimum Tax

DiNapoli: Heading Over Fiscal Cliff Would Mean $43B In Tax Hikes For NYersNew York State Comptroller Thomas DiNapoli says that if the federal government goes over the 'fiscal cliff,' it would mean a big hit in the wallet for Empire State residents.
Dreaded 'AMT' Tax Has Tri-State Residents Seeing RedMillions of metropolitan area residents might want to scale back on their Christmas shopping this year because the taxman could be taking a much bigger bite out of your income than you think.

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